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Assemblymember Todd’s bill would give microbusinesses $5,000 credit to hire formerly incarcerated workers
Summary
AB 1565 would offer a $5,000 tax credit to microbusinesses that hire and retain a formerly incarcerated person within a year of release, intended to reduce recidivism and offset incarceration costs; the bill was referred to the committee's suspense file.
Assemblymember Todd introduced AB 1565 on March 18 before the Assembly Committee on Revenue and Taxation, proposing a $5,000 tax credit for microbusinesses that hire a formerly incarcerated person within one year of release and retain that employee for at least six months.
Supporters argued the credit addresses high unemployment after incarceration and would improve public safety while helping small employers. "According to the California Department of Corrections and Rehabilitation, over 60 percent of formerly incarcerated people are unemployed for a year after release," a presenter said,…
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